Vestwell Advisors LLC Buys New Shares in Schwab US Broad Market ETF $SCHB

Vestwell Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 2nd quarter, Holdings Channel reports. The firm acquired 448,494 shares of the company’s stock, valued at approximately $10,688,000. Schwab US Broad Market ETF accounts for 4.4% of Vestwell Advisors LLC’s holdings, making the stock its 8th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its position in shares of Schwab US Broad Market ETF by 310.6% during the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Wealth Preservation Advisors LLC bought a new position in Schwab US Broad Market ETF in the 1st quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Schwab US Broad Market ETF during the 1st quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in Schwab US Broad Market ETF during the 1st quarter valued at about $49,000. Finally, Golden State Wealth Management LLC grew its holdings in Schwab US Broad Market ETF by 4,138.9% during the second quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after buying an additional 2,235 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $26.21 on Monday. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.57. The firm’s 50-day simple moving average is $25.98 and its 200 day simple moving average is $24.95. The stock has a market cap of $38.13 billion, a PE ratio of 25.08 and a beta of 1.02.

About Schwab US Broad Market ETF

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available.